Funding you earn now, next payment 06:00 UTC+0.0229%/8h= +25.1% APRpaid last 24h −0.036%
Price spread now: Bullet against Bybit−0.144%7-day average −0.013% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$40as in the Price arb table
costs, in and out, $10k−$270.273% of the position
Funding, last 3 days (all we have)+0.043%+$4 on $10k
+Price spread, last 4 days (all we have)+0.276%+$28 · spread now −0.144%, 7d avg −0.013%
=Funding pays, the price is against you. Bullet is 0.131% cheaper against Bybit than usual: you would sell low and buy high (spread −0.144% now, against its 7-day average of −0.013%). If the spread goes back, that is −$13 on $10k: about 46 hours of funding at the current rate (+$7 a day). At the pace of the last 3 days (+0.043% in total) that is about 10 days.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.043% in total (about 4.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit SKHYNIXUSDT | 1,368.8 | 0 | get 0.0000% / 8h | 2h 07m | $19.6M | $31.4M | 100x |
| Short | Bullet SKHYNIX-USD | 1,366.8 | 0.0229 | get 0.0029% / 1h | 7m 56s | $15K | $470K | 10x |
Bybit SKHYNIXUSDT
Bullet SKHYNIX-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bullet against Bybit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $48.14
- Price spread: −0.144% → −0.013%
- −$13.09
- Slippage, 4 orders
- −$8.31
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Bullet: 4 bp × 2 orders
- −$8
- Net
- $7.73
- Costs to cover
- 0.273%
- Break-even
- 5.9 days
Slippage from Bybit: live order book, 1 min ago; Bullet: live order book, 41 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Bybit live order book, 1 min ago | 0.91 bp | 7.1 bp −$7 | 9.6 bp −$96 | 56.5 bp −$5,651 | doesn't fit |
| Sell Bullet live order book, 41 min ago | 0.36 bp | 6.2 bp −$6 | 19.9 bp −$199 | doesn't fit | doesn't fit |
SKHYNIX on 23 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX SKHYNIXUSDC | −0.0034% | 4h | 1,364.9 | −0.285% | $3.3M | $430K | 10x | as long as short |
| BloFin SKHYNIX-USDT | −0.0017% | 4h | 1,366.2 | −0.185% | $2.6M | $4.1M | 50x | as long as short |
| Aster SKHYNIXUSD1 | 0.0000% | 4h | 1,368.2 | −0.044% | $18.6M | $37.0M | 20x | as long as short |
| Extended SKHYNIX-USD | 0.0000% | 1h | 1,367.5 | −0.092% | $2.3M | $78K | 10x | as long as short |
| Binance SKHYNIXUSDT | 0.0000% | 4h | 1,368.2 | −0.039% | $337.2M | $887.9M | 50x | as long as short |
| Bybit SKHYNIXUSDTlong | 0.0000% | 8h | 1,368.8 | long leg | $19.6M | $31.4M | 100x | |
| Gate SKHYNIX_USDT | 0.0000% | 4h | 1,368.2 | −0.044% | $143.4M | $76.4M | 75x | as long as short |
| SunX SKHYNIX-USDT | 0.0000% | 4h | 1,367.3 | −0.107% | $1K | $534K | 10x | as long as short |
| HTX SKHYNIX-USDT | 0.0000% | 4h | 1,367.1 | −0.119% | $1.3M | $2.4M | 50x | as long as short |
| Phemex SKHYNIXUSDT | 0.0000% | 8h | 1,367.3 | −0.107% | $1.2M | $777K | 10x | as long as short |
edgeX SKHYNIXUSDC
BloFin SKHYNIX-USDT
Aster SKHYNIXUSD1
Extended SKHYNIX-USD
Binance SKHYNIXUSDT
Gate SKHYNIX_USDT
SunX SKHYNIX-USDT
HTX SKHYNIX-USDT
Phemex SKHYNIXUSDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SoDEX SKHX-USD | +0.0050% | 1h | 1,366.9 | −0.140% | $727 | $8K | 10x | as long as short |
| tradeXYZ xyz:SKHX | +0.0079% | 1h | 1,367.1 | −0.122% | $296.7M | $249.5M | 10x | as long as short |
| Pacifica SKHYNIX | +0.0100% | 1h | 1,366.5 | −0.164% | $104K | $429K | 10x | as long as short |
| KuCoin SKHYNIXUSDTM | +0.0100% | 4h | 1,367.9 | −0.061% | $5.0M | $8.2M | 20x | as long as short |
| GRVT SKHYNIX_USDT_Perp | +0.0100% | 4h | 1,366.4 | −0.170% | $98K | $213K | 10x | as long as short |
| ApeX Omni SKHYNIXUSDT | +0.0100% | 1h | 1,366.7 | −0.148% | $142K | $259K | 50x | as long as short |
| Orderly PERP_SKHYNIX_USDC_mythos | +0.0100% | 8h | 1,366.5 | −0.167% | $5K | $858 | 10x | as long as short |
| Aevo SKHX-PERP | +0.0104% | 1h | 1,367.3 | −0.110% | $32K | — | 10x | as long as short |
| Aftermath Perps SKHYNIXUSD | +0.0221% | 1h | 1,363.1 | −0.411% | $669 | $37K | 5x | as long as short |
| Bullet SKHYNIX-USDshort | +0.0229% | 1h | 1,366.8 | −0.144% | $15K | $470K | 10x | |
| Polymarket Perps SKHYNIX-USD | +0.0236% | 1h | 1,366.6 | −0.159% | $258K | $1.0M | 10x | as long as short |
| Bitget SKHYNIXUSDT | +0.0264% | 4h | 1,368.6 | −0.012% | $22.6M | $32.3M | 20x | as long as short |
| OKX SKHYNIX-USDT-SWAP | +0.0371% | 8h | 1,368.2 | −0.042% | $53.8M | $126.7M | 50x | as long as short |
SoDEX SKHX-USD
tradeXYZ xyz:SKHX
Pacifica SKHYNIX
KuCoin SKHYNIXUSDTM
GRVT SKHYNIX_USDT_Perp
ApeX Omni SKHYNIXUSDT
Orderly PERP_SKHYNIX_USDC_mythos
Aevo SKHX-PERP
Aftermath Perps SKHYNIXUSD
Polymarket Perps SKHYNIX-USD
Bitget SKHYNIXUSDT
OKX SKHYNIX-USDT-SWAP